investment

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Zakaat on Investments & Taxes

Shaykh Ebrahim DesaiRead

I have 2 seperate queries pertaining to zakaat and I would appreciate it if you could assist me with them. 1) My wife has a few investments to her name that were opened a few years back. However at the time she was unaware that she had to pay zakaat on her investment total each zakaat year. Now that it has come to her attention that she must pay zakaat on the full amount, how would she calculate her outstanding zakaat for all the previous years. She has different investments that were opened in different years. She has a full history of market values of all her investments since they were opened. Must she retrospectively calculate using previous records for each year or must she use the current market value. 2) My wife is not a tax payer – I would like to know if she can make the section 18A tax certificate on my name though her intention is that she is fulfilling her own zakaat. The making of the certificate on my name is purely so that I can obtain a further tax rebate and would it be permissable for me to claim this rebate.

Shaykh Ebrahim DesaiRead

Musharakah Agreement

Shaykh Ebrahim DesaiRead

How do I pay Zakat on my 401(k) plan?

Shaykh Ebrahim DesaiRead

Sources of funds/income for a bank

Shaykh Ebrahim DesaiRead

Is it permissible to seek a venture capital?

Shaykh Ebrahim DesaiRead

Clarification on Zakaat question.

Shaykh Ebrahim Desai, Shaykh Nabeel ValliRead

Mandatory company pension plan.

Shaykh Ebrahim DesaiRead

Zakat on house sold for building new home and business

Shaykh Ebrahim DesaiRead

Is taking a home loan permissible?

Shaykh Arshad Ali, Shaykh Ebrahim DesaiRead

Investing in Gold

Shaykh Ebrahim DesaiRead

ETF Pension Funds

Shaykh Ebrahim DesaiRead

Is it permissible to work as a programmer writing software for banks?

Shaykh Arshad Ali, Shaykh Ebrahim DesaiRead

Zakah management

Shaykh Ismail MoosaRead

Payout of the pension fund

Shaykh Ismail MoosaRead

Is investing in life insurance allowed in Shariah and where can I spend the bonus at maturity?

Darulifta-Deoband.comRead

Is buying gold through this investment scheme halal?

Darulifta-Deoband.comRead

Is commodity trading halal or haram according to Islamic teachings?

Darulifta-Deoband.comRead

Is it okay to invest in Mutual Fund through ICICI Bank in current market scenario according to Islam?

Darulifta-Deoband.comRead

Is online commodity trading halal without physical possession?

Darulifta-Deoband.comRead

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